💨 Abstract

Morgan predicts a U.S. recession in 2023, largely due to new tariffs announced by President Trump, which are expected to contract the country's GDP and push the unemployment rate up to 5.3%. Federal Reserve Chair Jerome Powell has expressed concern about the potential impact of these tariffs, stating they could cause greater damage and make the Federal Reserve's efforts to control inflation more difficult.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖